Avestar Capital LLC Invests $244,000 in Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Avestar Capital LLC bought a new position in Monolithic Power Systems, Inc. (NASDAQ:MPWR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 264 shares of the semiconductor company’s stock, valued at approximately $244,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MPWR. FMR LLC lifted its holdings in shares of Monolithic Power Systems by 11.4% during the third quarter. FMR LLC now owns 3,519,376 shares of the semiconductor company’s stock valued at $3,253,664,000 after purchasing an additional 361,416 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Monolithic Power Systems by 311.8% during the second quarter. The Manufacturers Life Insurance Company now owns 186,592 shares of the semiconductor company’s stock valued at $153,319,000 after purchasing an additional 141,277 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Monolithic Power Systems by 1,947.1% during the second quarter. Canada Pension Plan Investment Board now owns 143,396 shares of the semiconductor company’s stock valued at $117,826,000 after purchasing an additional 136,391 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Monolithic Power Systems by 92,842.9% during the third quarter. International Assets Investment Management LLC now owns 123,614 shares of the semiconductor company’s stock valued at $114,281,000 after purchasing an additional 123,481 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of Monolithic Power Systems by 14,315.6% during the third quarter. Jennison Associates LLC now owns 101,918 shares of the semiconductor company’s stock valued at $94,223,000 after purchasing an additional 101,211 shares in the last quarter. 93.46% of the stock is owned by institutional investors.

Insider Buying and Selling at Monolithic Power Systems

In other news, CFO Theodore Blegen sold 2,500 shares of Monolithic Power Systems stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $908.36, for a total value of $2,270,900.00. Following the completion of the transaction, the chief financial officer now owns 59,178 shares in the company, valued at approximately $53,754,928.08. The trade was a 4.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Deming Xiao sold 866 shares of Monolithic Power Systems stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $765.14, for a total value of $662,611.24. Following the completion of the transaction, the executive vice president now owns 162,239 shares of the company’s stock, valued at approximately $124,135,548.46. This trade represents a 0.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 20,100 shares of company stock worth $17,913,521 in the last quarter. 3.70% of the stock is owned by corporate insiders.

Monolithic Power Systems Trading Down 2.1 %

NASDAQ:MPWR opened at $560.24 on Thursday. Monolithic Power Systems, Inc. has a 12-month low of $538.00 and a 12-month high of $959.64. The stock has a 50-day moving average price of $808.70 and a 200 day moving average price of $819.98. The stock has a market capitalization of $27.33 billion, a P/E ratio of 63.16, a P/E/G ratio of 2.86 and a beta of 1.15.

Monolithic Power Systems (NASDAQ:MPWR) last released its quarterly earnings results on Wednesday, October 30th. The semiconductor company reported $2.99 earnings per share for the quarter, missing the consensus estimate of $3.04 by ($0.05). The firm had revenue of $620.12 million for the quarter, compared to analysts’ expectations of $600.10 million. Monolithic Power Systems had a net margin of 21.29% and a return on equity of 20.44%. On average, research analysts predict that Monolithic Power Systems, Inc. will post 10.46 earnings per share for the current fiscal year.

Monolithic Power Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Monday, September 30th. Monolithic Power Systems’s dividend payout ratio is presently 56.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on MPWR shares. Stifel Nicolaus upped their price target on Monolithic Power Systems from $1,000.00 to $1,100.00 and gave the company a “buy” rating in a report on Friday, September 27th. Truist Financial reissued a “buy” rating and issued a $994.00 target price (up previously from $918.00) on shares of Monolithic Power Systems in a report on Wednesday, October 2nd. Raymond James increased their target price on Monolithic Power Systems from $770.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, August 2nd. Wells Fargo & Company assumed coverage on Monolithic Power Systems in a report on Friday, November 22nd. They issued an “equal weight” rating and a $610.00 target price on the stock. Finally, Rosenblatt Securities downgraded Monolithic Power Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $840.36.

About Monolithic Power Systems

Monolithic Power Systems, Inc engages in the design, development, marketing, and sale of semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company provides direct current (DC) to DC integrated circuits (ICs) that are used to convert and control voltages of various electronic systems, such as cloud-based CPU servers, server artificial intelligence applications, storage applications, commercial notebooks, digital cockpit, power sources, home appliances, 4G and 5G infrastructure, and satellite communications applications.